Meade Coleman
Meade Coleman
Cell: 803.429.3539
Fax:803.767.4577
Broker-In-Charge
Columbia Real Estate Listings and Home Sales in Richland and
Lexington Counties!
Forest Acres, Blythewood, Irmo, West Columbia
Columbia SC Real Estate Listings, Buying and Selling in Richland and Lexington C

  Assumption Clause

A provision in an assumable mortgage that allows a buyer to assume responsibility for the mortgage from the seller. The loan does not need to be paid in full by the original borrower upon sale or transfer of the property.

 

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